CRITICAL LEVELS FOR INDEX ON 21 JAN 08

FOR INTRADAY TRADING ON  21 JAN  , NIFTY INDEX HAS INITIAL  SUPPORT AROUND 5705   LEVELS  BREACHING OF THIS SUPPORT MAY TAKE NIFTY  TO  MAJOR SUPPORT  LEVELS AT 5677. HOWEVER IF THIS IS BREACHED,  THEN   EXPECT  NIFTY  TO   SLIDE   TOWARDS   5595   &  THEN TO 5515  LEVELS   WHICH  IS   A VERY STRONG BOUNCE BACK POINT  . ON THE UPPER SIDE , IT MAY FIND  INITIAL  RESISTANCE  AT 5724   BREACH OF WHICH CAN TAKE NIFTY TO 5750  ABOVE  WHICH   NIFTY CAN TEST 5783  OR  EVEN 5909 LEVELS